Railway minister Goyal denies Congress charges of loan waiver

New Delhi, April 4: Union Minister Piyush Goyal on Wednesday described the Congress's allegations of "impropriety" and "conflict of interest" as "false and malicious campaign".

He said that the malicious statement by Congress "factually misleads" and makes "incorrect conclusions" with false and defamatory statements and it was full of factual inaccuracies, mix up of dates and alluding to events with no relevance to his brief association with Shirdi Industries Ltd.

The Congress alleged that a company associated with Goyal in the past was given a "haircut" loan waiver of 65 per cent on the outstanding loan amount of over Rs 650 crore, terming it a damning tale of conflict of interest, sweetened deals, gross impropriety and bank loan defaults by Shirdi Industries Ltd with past and present affiliation to Piyush Goyal and his family.